NEWS
Geon takes over US medical compounder
Geon Performance Solu- tions has acquired Foster Corporation, a specialist compounder of biomedical polymers headquartered in Connecticut, US. Foster currently operates three manufacturing locations and two distribution centres in the US, and employs approximately 200 people. “Geon is the ideal partner
to leverage Foster’s strengths and augment its capabilities to better serve unique customer needs,” said President and CEO of Foster Corporation, Larry Acquarulo. “We are proud that Foster’s commitment to quality and innovation will live on with Geon.” This is Geon’s fourth acquisition since 2020, and enhances Geon’s participa- tion in the high-value medical device market. Currently, Geon offers rigid and flexible PVC solutions,
IN BRIEF...
French recycler Carbios has launched a project to reduce expenses by reorganising and reducing its workforce by up to 40%.
www.carbios.com
Celanese has appointed Scott Richardson, currently Chief Operating Officer, as Chief Executive Officer, effective 1 January 2025.
www.celanese.com
Cleanroom compounding at Foster Corporation
TPEs, and contract manufac- turing services to healthcare customers. Its facility in Clinton, Tennessee, US, is ISO 13485:2016 certified, which is the medical industry’s international standard for the manufac- ture of medical devices. Foster Corporation carries the same certification and offers formulation, develop-
ment, and production of custom medical com- pounds, implantable materials, engineered polymers, thermoplastic polyurethane elastomers, and polymer enhancements. Foster’s Connecticut plant occupies 47,000 sq ft of space and its Nevada facility has 20,000 sq ft of space. �
www.geon.com
Covestro has finished digitalising product-specif- ic life cycle assessments (LCA) and expects the latest annual update of environmental data to be available in the second half of 2025.
www.covestro.com
Borealis has signed a distribution agreement with Tegral Materials to expand the availability of its polyolefin solutions in Belgium, France, Germany, Luxembourg, and the Netherlands.
www.borealisgroup.com
Bausano starts machinery replacement program
Bausano has introduced the Reward Formula, which provides enhanced valuation for used MD series twin- screw extruders, incentivising their replacement with next-generation models. The initiative allows customers to
IMAGE: BAUSANO 8
upgrade their installed machine fleet with immediate financial benefits, while promoting the circular econo- my and energy efficiency. Before collection, a team of Bausano Experts will assess the condition of the
COMPOUNDING WORLD | January/February 2025
extruder, offering up to 30% above market value for the machine. This creates a virtuous cycle, turning obsolete machinery into a valuable resource, according to the company. “The goal is to offer our customers the opportunity to update their machinery and enhance the produc- tivity of the plants according to a more eco-friendly business model,” said Giorgio Critelli, Area Manager of Bausano. �
www.bausano.com
www.compoundingworld.com
PHOTO: FOSTER CORP
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